Solar Panels Cost 2.6k-13k in Maplewood, MN | October, 2024

Solar Panels Cost $2.6k-$13k in Maplewood, MN | October, 2024

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How much do solar panels cost in Maplewood, MN in 2024?

In Maplewood, MN, the price per watt of solar panel systems is about $3.76 per watt in October, 2024.

As a result of the cost per watt, we are able to conclude that for every 1 kW (1000 watts) of solar power capacity will cost you $3,760 for installation. In Maplewood, you will spend about $13,160 for a 5 kW solar panel install after factoring in the 30% federal income tax credit. It should be noted that a more powerful system could be necessary to ensure your energy requirements are met.

To the left, you can select your county to view the typical roof size and average maximum capacity for residential solar on homes in your area. Find below a complete overview of the {price|costs, payback period, and 20-year typical savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Maplewood: $13,160US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Maplewood: 11 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Maplewood: $5,063US Average: $15,784

Solar Potential in Maplewood

Estimated system size and solar electricity production per median viable roof in
Maplewood.

Roof size 447sq. ft.
Capacity 6.25kW DC
Electricity 7kkWh AC per yr.

Electricity Costs in Maplewood, MN & What that Means for Your Solar Panel Pricing

The typical electricity cost for Maplewood consumers is $99.43 per month, with a usage of 592 kWh. Small homes, including micro-apartments, are also covered in the data cited in the {previous|prior sentence.

For October 2024, the mean electricity rate in Maplewood, MN amounts to 16.78¢ per kWh.

In Maplewood, an average energy user's needs should be fully covered by a solar panel system with a production capacity of at least 5 kW. Initially, a 5 kW solar panel installation will cost you $18,800, but after a 30% tax credit, the final price is $13,160.

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Average solar panel costs by system size in Maplewood

Presented below and to the left, is a thorough pricing structure for various solar panel system sizes installed in Maplewood. Larger solar installations come with a greater cost, yet they also provide greater electricity savings and larger income tax credits.

The solar panel cost calculator, positioned below and to the right, provides a breakdown of costs and benefits using an average $99.43 electric bill for Maplewood. Alter the $99.43 to fit your usual bill payment for customized outcomes.

System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $246 a year
Est. Price
$2,632
Savings from a 1kWthis system
  • Est. yearly production 1,449 kWh
  • Est. monthly savings $21
  • Full payback in 2 years
Environmental Impacts
  • Reduces CO2 emissions by 0.81 tons a year
  • Equivalent to planting 37 trees a year
  • Equivalent to driving 2,004 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $493 a year
Est. Price
$5,264
Savings from a 2kWthis system
  • Est. yearly production 2,897 kWh
  • Est. monthly savings $41
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.62 tons a year
  • Equivalent to planting 74 trees a year
  • Equivalent to driving 4,009 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $739 a year
Est. Price
$7,896
Savings from a 3kWthis system
  • Est. yearly production 4,346 kWh
  • Est. monthly savings $62
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 2.43 tons a year
  • Equivalent to planting 112 trees a year
  • Equivalent to driving 6,013 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $985 a year
Est. Price
$10,528
Savings from a 4kWthis system
  • Est. yearly production 5,795 kWh
  • Est. monthly savings $82
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.24 tons a year
  • Equivalent to planting 149 trees a year
  • Equivalent to driving 8,018 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,231 a year
Est. Price
$13,160
Savings from a 5kWthis system
  • Est. yearly production 7,244 kWh
  • Est. monthly savings $99
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 3.91 tons a year
  • Equivalent to planting 179 trees a year
  • Equivalent to driving 9,669 mi less a year

Maplewood Solar Panel Installation Incentives & Rebates | 2024

Rural entrepreneurs and farmers might find that the REAP Grant pays for 80% to 100% of their costs when installing solar or wind energy systems. If you think you might be in this category, we suggest checking your qualification with our REAP Grant eligibility tool.

A 30% federal tax credit is available to most homeowners for residential solar installations, which helps make solar energy a feasible choice in numerous regions across the United States. Furthermore, several state and local programs are in place to further drive the adoption of solar energy.

In Minnesota, 12 solar rebates and incentives are currently offered from different utilities and government agencies.

Owatanna Public Utilities - Solar Rebate Program

Value:Up to $500

Commercial and residential customers of OPU, the municipal power utility for the city of Owatonna, may be entitled to rebates on solar PV systems and water heaters. Rebates add to existing federal tax incentives. New PV installations will yield a $500 rebate regardless of their rated capacity. Water heaters yield a rebate based on the area of the panels; the current rate is $15 per square foot. To qualify, systems should meet all city, state, and federal standards and be interconnected to the grid under a net metering contract. Interested customers should schedule an energy audit with an OPU participating solar contractor.

Minnesota Power - SolarSense Solar Rebate Program

Value:Up to $10,000

Minnesota Power customers may be entitled to rebates on new solar photovoltaic systems. To qualify, a system must meet all state and federal standards, be installed by a certified solar contractor, and be interconnected to the grid under a net metering contract. The incentive amount is determined through an NREL tool which considers the system's rated capacity and other design characteristics. Current rates are 56 cents/estimated kilowatt hour of production in the first year of the system's use. Minnesota Power must preapprove all incentives. Customers must therefore apply for the rebate before purchasing their system. Additional information is available from the website.

Value of Solar Tariff

Value:Varies

Net metering in Minnesota is set to be replaced by a Value of Solar (VOST) tariff program standardized by the Department of Commerce. No utility has implemented such a program as of 2021, though Xcel Energy is exploring retail-rate tariffs in a similar vein to VOST. VOST operates as an "inflow-outflow" program. Customers are technically billed for all electricity they generate, including excess generation (EG) sent to the grid. Rather than paying for all generated energy, however, they will only owe the cost of their "nettable energy" in that cycle. Nettable energy is equal to total power generated at the standard billed cost minus EG at a different "credit rate." As with net metering, should generation exceed consumption, the remaining credits will be applied to subsequent cycles. VOST contracts last for 20 years; credit rates are fixed for the length of the contract. "Virtual VOST" provisions exist to compensate microgrid subscribers in proportion.

Farm Opportunities Loan Program

Value:Varies

New sustainable farm equipment may be eligible for special financing through Minnesota's Farm Opportunity Loan Program. The program is administered by the state Rural Finance Authority in conjunction with various funding partners. Loans can cover up to 80% of purchase and installation costs. The RFA assumes responsibility for servicing 45% of the principal up to $45,000. Interest on the RFA portion is 3%; the remaining 55% will accrue interest at the current market rate. Additional information is available from the RFA website.

Community-Based Energy Development (C-BED) Tariff

Value:Varies

Utilities in Minnesota are required to participate in Community-Based Energy Development tariff programs (C-BED) to support the construction and onboarding of new renewable energy facilities, including solar and wind farms. C-BED contracts last for 20 years. During the term, the state will pay utilities at a fixed rate for the energy they produce. The underlying goal is for utilities to more easily recoup the costs for their renewable facilities. Additional information is available from the Minnesota Public Utilities Commission website.

Value-Added Stock Loan Participation Program

Value:Varies

The Minnesota Rural Finance Authority (RFA) operates a stock financing program to aid farmers in purchasing shares of nearby wind farms or biomass energy facilities. Loans are offered by private banking partners, though the RFA sets loan terms and low interest rates for up to 45% of the principal. Qualifying applicants must not be worth more than $450,000. Additional information is available from the RFA website.

Fix-Up Loan

Value:Varies

Minnesota homeowners making energy efficiency or accessibility improvements may be eligible for special loans from the state Housing Finance Agency (MHFA). "Fix-Up Loans" have a maximum of $15,000 in principal at market-rate interest. Applicants have direct access to MHFA lending partners and can negotiate loan terms. They may also use the contractors and builders of their choice. Lending partners differ between the 11-county Twin Cities area and the rest of the state. Additional information is available from the MHFA website.

Rural Minnesota Energy Board PACE Program

Value:Varies

The St. Paul Port Authority operates a PACE program in Duluth, Mankato, and certain Twin Cities suburbs and exurbs. Property owners will have access to an open market of local lenders offering competitive loans and terms for energy efficiency improvements. Effectively, funding comes from the government; repayment will therefore take the form of a tax lien senior to the property's mortgage. Residential structures are not eligible for PACE loans due to regulatory concerns from the FHFA. Fannie Mae and Freddie Mac are prohibited from acquiring a mortgage with an active PACE lien. Additional information is available from the Port Authority website.

Minnesota PACE Program (MinnPACE)

Value:Varies

The St. Paul Port Authority operates a PACE program in Duluth, Mankato, and certain Twin Cities suburbs and exurbs. Property owners will have access to an open market of local lenders offering competitive loans and terms for energy efficiency improvements. Effectively, funding comes from the government; repayment will therefore take the form of a tax lien senior to the property's mortgage. Residential structures are not eligible for PACE loans due to regulatory concerns from the FHFA. Fannie Mae and Freddie Mac are prohibited from acquiring a mortgage with an active PACE lien. Additional information is available from the Port Authority website.

Interconnection Standards

Value:Varies

Distributed generation and interconnection practices are standardized by the Minnesota Public Utilities Commission. Standards were last updated in 2019 and continue to be amended regularly. Unlike states which use tiers and levels to organize energy systems, Minnesota uses permit processes as benchmarks. Systems at a qualifying capacity level may be eligible for a "Fast Track" permit review. All systems must follow recognized standards such as those set by IEEE or UL. Customers may be required by their utility to carry liability insurance coverage or install additional safety features.

Renewable Development Fund (RDF)

Value:Varies

Xcel Energy has administered a Renewable Development Fund since 1999. The fund's annual budget amounts to $9 million, the result of a state-set rate per nuclear waste reservoir at the Prairie Island, Minnesota plant. Additional funding comes from a surcharge on Xcel customer bills in Minnesota and western Wisconsin. Funding supports incentive programs and other initiatives to adopt renewable energy. The University of Minnesota's Institute for the Environment also taps into the fund for its own research. Additional information is available from the Xcel website.

Xcel Energy - Solar*Rewards Program

Value:Varies

Solar*Rewards is the formal name for Xcel Energy's net metering and distributed generation tariff incentive programs nationwide. Under Minnesota law, renewable energy customers hold ownership of renewable energy credits (RECs) they generate. With a Solar*Rewards contract, the customer agrees to sell all RECs to the utility for a fixed amount of time and have a bidirectional meter installed on their system to track energy sent back to the grid. In exchange, the utility will provide fair compensation for both excess generation and credits accrued. To qualify for incentives, a new PV system must pass an engineering audit and not exceed 20 kW of DC capacity. Leased systems do not qualify for Solar*Rewards contracts. Additional information is available from the Xcel website.

Are solar panels worth it in Minnesota?

If you expect to live in your home beyond the time it takes to recoup your solar investment, installing solar panels in Maplewood is an good decision. Installing a 5 kW solar system in Maplewood, MN will, on average, save you $10,703.2 over 20 years, and you can expect to break even in about 11 years.

The cost of not having solar panels in Maplewood, MN

The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and depend on your electric utility for electricity. Complete dependence on your utility company isn't always the best condition, as recent media examples have demonstrated.

Throughout Maplewood, there are about 0.95 outages per customer annually. Each outage lasts an average of 114.46 minutes. In the case of major events such as landslides, equipment failure, or planned maintenance, this period can increase substantially.

A solar energy system, with or without a backup battery, could reduce the effects of any future power interruptions you might experience.

Power Outages

Currently, 0 customers are being tracked in Ramsey County.

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Customers Out:

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What impacts the cost of solar panels in Maplewood, MN?

Your Energy Needs - The cost per watt is decreased with larger solar panel systems, even though the initial cost is higher. Many consumers realize it's a smart idea to install a solar system that can generate enough power to replace their electric bill, because it helps them save more money.

Make & Model - There are numerous brands and models of solar panels. Your installer’s potential brand preferences make it crucial to pick a reputable contractor. Consumers who prioritize better models typically enjoy a more favorable long-term experience.

Solar Panel Type - There are valid reasons why monocrystalline panels are now considered the industry standard. They are costlier but produce more energy. The majority of professionals in solar installation work with panels made from this material.

Your Property - Irregular terrain, trees, or other challenges can increase the complexity of the installation. These days, the many solar installers can evaluate your home with satellite images and include these elements in the preliminary cost estimate.

Labor Rates - Employees get varied wages from different companies, and these costs are handed down to the consumers. It is typical for companies that provide higher wages to receive better reviews for their work and customer service.

Permitting & Interconnection - Your installation cost will be affected by area-specific permitting and utility interconnection fees. Quality local installers will include these figures in your first estimates to ensure transparency.

See what solar panels cost in other MN cities

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Who are the best solar installers in Maplewood?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Solar Farm

St. Paul, MN(651) 271-8410

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Sundial Energy

St. Louis Park, MN(612) 439-9591

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

LightEdison

Denver, CO(888) 966-6377

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Maplewood, MN Solar Panel Cost FAQs

  • The average solar panel cost in Maplewood, MN as of October, 2024 is estimated at $3.76/W. A 5 kW solar panel system will cost you around $13,160 in Maplewood, MN after the federal tax credit is applied.

  • If you live in Minnesota, you can find 12 rebates and incentives through different utilities and government agencies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Paying cash yields the most savings, but there are now numerous financing options for solar panels that are also advantageous. Financing options are frequently available through installers and will be included in your initial quotes.

  • Yes, homeowners in Maplewood, MN generally see a payback time of 11 years for 5 kW solar panel systems, with electricity savings averaging $10,703.2 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01